Weekly Industry News

National Housing Policy 2.0 to be ready by year end

Weekly Industry News

The Housing and Local Government Ministry is now drafting the National Housing Policy 2.0, scheduled to be ready by the end of the year, said its minister Zuraida Kamaruddin.

She said her ministry will also look into the suggestion by the Real Estate and Housing Developers Association (Rehda) for the ceiling price of affordable homes in Kuala Lumpur and the Klang Valley to be set at RM500,000, and for the government to build affordable housing while the private sector will focus on delivering market-driven properties without price control and quota.

At the same time, the ministry will review applications for affordable homes by bumiputera that were rejected by financial institutions.

Media Title: The Edge Financial Daily

Date: 16 Jul 2018

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